Insider Selling: Londonmetric Property PLC (LMP) Insider Sells 134,745 Shares of Stock
Londonmetric Property PLC (LON:LMP) insider Patrick Vaughan sold 134,745 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of GBX 180 ($2.53), for a total transaction of £242,541 ($340,599.63).
Shares of Londonmetric Property PLC (LMP) opened at GBX 176.90 ($2.48) on Friday. The stock has a market cap of $1,240.00 and a P/E ratio of 737.08. Londonmetric Property PLC has a 1 year low of GBX 146 ($2.05) and a 1 year high of GBX 189.10 ($2.66).
Londonmetric Property (LON:LMP) last posted its earnings results on Wednesday, November 29th. The company reported GBX 4.20 ($0.06) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of GBX 4.20 ($0.06). The firm had revenue of GBX 4,063 million during the quarter. Londonmetric Property had a net margin of 192.05% and a return on equity of 15.33%.
Several research analysts have recently weighed in on LMP shares. Numis Securities reiterated a “hold” rating and set a GBX 172 ($2.42) price objective on shares of Londonmetric Property in a report on Tuesday, December 5th. JPMorgan Chase & Co. increased their price objective on shares of Londonmetric Property from GBX 195 ($2.74) to GBX 200 ($2.81) and gave the stock an “overweight” rating in a report on Wednesday, December 6th. Canaccord Genuity increased their price objective on shares of Londonmetric Property from GBX 160 ($2.25) to GBX 175 ($2.46) and gave the stock a “hold” rating in a report on Friday, December 22nd. Stifel Nicolaus reiterated a “buy” rating and set a GBX 177 ($2.49) price objective on shares of Londonmetric Property in a report on Thursday, November 30th. Finally, Jefferies Group reiterated a “hold” rating and set a GBX 190 ($2.67) price objective on shares of Londonmetric Property in a report on Thursday, November 30th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 180.63 ($2.54).
About Londonmetric Property
LondonMetric Property Plc is a property investment and development company. The Company’s segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company’s portfolio includes distribution and retail businesses across the United Kingdom.
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